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SBI Cuts Savings Account, FD Rates
Financial Express Chandigarh
|June 16, 2025
STATE BANK OF India (SBI) has reduced its savings bank account interest rate to 2.5% for all account balances, effective June 15.
This change follows a 50 basis point reduction in the repo rate by the Reserve Bank of India (RBI) last week.
Last time SBI cut savings bank rates was on October 15, 2022, where the amount below ₹10 crore earned an interest rate of 2.70% and amount for ₹10 crore and above yielded 3%.
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